<p>February 2023 headline CPI is 6.8% y/y, better (lower) than expected and from January </p><ul><li>expected 7.1%, prior 7.4%</li></ul><p>Augurs well for an RBA pause at its meeting next Tuesday (April 4).</p><p>Looking more and more like inflation has peaked. Doesn't mean it'll fall back to target (which is 2 to 3%) any time soon of course. </p><p>—</p><p>I posted previews of this earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/australian-retail-sales-data-added-to-the-case-for-rba-pause-in-april-but-cpi-tomorrow-20230328/" rel="follow" target="_blank" data-article-link="true" class="article-link">Australian retail sales data added to the case for RBA pause in April … but CPI tomorrow</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/australian-inflation-data-due-today-monthly-cpi-for-february-2023-20230328/" target="_blank" rel="follow">Australian inflation data due today – monthly CPI for February 2023</a></li></ul><p>There is more in those posts also on the shortcomings of the month;y CPI data. The quarterly is the 'official' measure. That will be published on April 29 for the January – Match 2023 quarter. </p>
This article was written by Eamonn Sheridan at www.forexlive.com.
